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Bullish-signal

DOGE/USDT Massive Parabolic Break-OutToday, DOGE has finally broken through the upward channel that it has been following for a few weeks. Not only did it break through, but it did so with a very strong few candles, accompanied with high volume. In the snapshot below you can see that the upper trend line was decimated, signaling a strong bullish move in the coming days. I expect Dogecoin to behave like it did in the past: strong bullish daily candle to start the parabolic movement, followed by even greater bullish daily candles. A move like this can keep going anywhere between two to five days. Consider taking some profits at either Resistance 1 or Resistance 2, since selling pressure is prone to be strong there. Tread very cautious when the price reaches above Resistance 2, it might reverse very strongly within the blink of an eye.
Long
by FieryTrading
CRV/USDT Exponential Growth With Room For MoreCRV is booming at the moment. Over the last 10 days CRV has seen over 130% increase in value, without any indication of stopping soon. We might see the price hitting $1 over the next week. When we zoom out we can clearly see that the price is following a Cup pattern, with the lows being hit late October. Volume has seen a big increase as well since then. People are clearly eye-balling CRV. The token is relatively new on Binance, so its definitely not dead yet. Keep this one on your watchlist!
Long
by FieryTrading
CAD/CHF Bullish ChannelCAD/CHF has formed an upward sloping channel since late October. Currently the price is in an area of potential short-term reversal. We want to make sure that the price is actually bouncing off the trend line, so wait for a 4H candle to close above the confirmation line before entering the trade. Consider Resistance 1 and Resistance 2 as potential profit targets. Resistance 1 is placed at the most recent high, while Resistance 2 is placed at the closest round number. Patience is a virtue.
Long
by FieryTrading
NAS100 Tech Index Bullish OutlookThe NAS100, an index consisting of the 100 largest tech companies on the NASDAQ exchange, bounced off the 0.618 fibonacci retracement line, also known as the Golden Ratio. It seems that the recent tech slump has ended, in the short term. Although it's true that a corona vaccine is bullish for other stocks, it doesn't mean we will stop using tech companies anytime soon. Consider resistance 1 and resistance 2 as good short term areas to exit your long position. If we make new high's in the coming week, my guess would be that a new bullish trend will start till the end of the year.
OANDA:NAS100USDLong
by FieryTrading
EUR/USD Broke Bull-Flag: New Highs Coming?EUR/USD broke through the bull-flag that it's been following since July, signalling new bullish movement ahead. For now, my target is placed at $1.21, the 2017 high. It's the first big resistance that we will face in the coming month. The next target would be the 2018 high, around 1.26, but its too early to call that a possibility. Let's first wait out the coming month how the US election are going to unfold. Overall, I'm very bullish on EUR/USD since it managed to break through a descending trend line that it's been following since 2008.
Long
by FieryTrading
Litecoin: The Sleeping Giant Has AwokenSince the start of November there's a noticeable amount of bullish sentiment surrounding Litecoin. Instead of moving back to the lower trend line of the wedge, it made an unexpected bullish move. This bullish move broke the 4-year wedge, without any signs of stopping soon. On the chart there are four major areas of interest: * Support 1 - $40: If the price goes below $40, chances are that Litecoin will retrace towards the lower trend-line of the wedge. * Resistance 1 - $85: The 2020 high serves as a first target. With sufficient volume and investor's confidence $85 should be a reachable target this year. Beware of a possible (short-term) reversal. * Resistance 2 - $145: The 2019 high occurred during the early altcoin boom. High confidence and a major influx of USDT coins into the market propelled Litecoin's price to $145. This area could be reached within a few months if Crypto rotates back into investor portfolios. * Resistance 3 - $365: The all-time-high of Litecoin is naturally the biggest resistance to date. A major boom in crypto-world has to occur if the price wants to reach this target. We're talking about a 500% increase from the current price. This target could only be reached after a major surge of Bitcoin's price. Bitcoin generally rises first (with btc dominance rising), with the large caps following. Expect major selling pressure here, with a likely reversal or crash.
Long
by FieryTrading
1
GOLD SHORT TERM CLIMB: WEDGE + GOLDEN CROSSToday Gold has seen a massive influx of buyers, slingshotting it through the August wedge and preparing for a golden cross of the MA50 and MA200. The last four times this has happened on the 4H chart it signalled the start of a massive bull market, with price increases varying from +10% to +20% within months The first major target should be the $2000 area, since it's a nice round number. Prepare for a minor pull-back around there. If $2000 breaks, be ready for the price to contest the all-time-high!
OANDA:XAUUSDLong
by FieryTrading
IS BITCOIN GOING PARABOLIC?In my earlier analysis I argued that Bitcoin had a massive resistance ahead, namely the June 2019 high and the upper band of the upward channel. It seems that the election frenzy has boosted investor's convidence to push Bitcoin towards 15k. The resistance was broken by such massive bullish force that it could signal a new parabolic move this year and push toward the all-time-high of 20k. If the enormous buying pressure keeps persisting throughout 2020, we could see a new all-time-high soon.
Long
by FieryTrading
EUR/GBP BULLISH MOVEMENT AHEAD: WEDGE ANALYSISEUR/GBP is preparing to bounce of the lower trend line of the multi-month wedge it has been following since March this year. Before entering this trade, please wait till the bounce has been confirmed. Your risk-reward ratio may be lower than entering the trade straight away, but winning a small trade is better than not winning at all. Keep an eye out of the red marked area, since it functions as a major resistance. In case of a major Brexit related news, expect the wedge to be broken. Example: a no-deal brexit would lead to a break of the wedge on the upper side. Keep macro factors in mind when trading!
Long
by FieryTrading